Live Ascension Real Estate Information

October 11, 2009

Ascension Parish Real Estate - Residential Market Analysis September 2009

Ascension Parish Real Estate Market Report

The data used in this report were extracted from the Greater Baton Rouge Association of Realtors MLS database. The data are presumed accurate but are not warranted.

As 2009 comes to a close the real estate market in Ascension Parish is continuing to resist the gloom haunting other markets in the country and is, in fact, showing signs of growth. The following chart shows monthly unit sales for the past several years. For September 2009, sales of previously owned homes exceeded sales in that market segment in both July and August of this year and approached sales in June 2009 which was the highest so far this year. While new construction unit sales didn’t perform as well as the previously owned market segment for September 2009, it significantly outperformed new construction sales in September 2008. This is not surprising since both the new and re-sale market segments were hard hit by the devastation caused by hurricane Gustav last year. That said, new construction unit sales last month outperformed all other months in 2008 except for the month of July.

Ascension Parish Real Estate Market - Unit Sales

Using the average absorption rates observed so far this year, unit sales of the new construction market segment is projected to exceed 2008 levels. Unit sales for the re-sale market segment is projected to be only slightly less than that of 2008. Clearly, while less robust than the boom post-Katrina times, the real estate market in Ascension parish is showing remarkable signs of health despite the current difficulties we face in acquiring credit.

Ascension Parish Real Estate Market - Unit Sales

The next two charts show historical trends of average selling price and average selling price per square foot for both market segments.

Ascension Parish Real Estate Market - Average Price

Ascension Parish Real Estate Market - Average Price/sq.ft.

We can see that in the resale market segment, neither the average price nor the average price per sq.ft. have changed substantially from 2008 levels. This indicates that the equity in our residential real estate investment has weathered the economic downturn quite well. In the new construction segment, however, we see a downward shift toward more affordable housing… a trend previously reported on toward smaller homes with fewer upgrades and amenities.

The next two charts show the absorption rates and inventory levels for the two market segments. In the new construction segment, there is only a 3.3 month supply of new homes overall. This is a Seller’s Market. A Buyer’s Market condition exists only for homes priced over $400K. The highest velocity of home sales exists in the $150K-$250K price range which accounts for 65% of all new homes sold this year.

The previously owned market segment shows the highest velocity of sales in the same $150K-$250K price range which accounts for 51% of home sales. In fact, home sales under $250K accounted for 73% of all homes sold. Overall, it is a neutral market with 6.4 months supply but there is a great variation in this figure as we look at various price ranges. Previously owned homes over $400K have sold at a rate of 1.6 homes per month. With 60 homes on the market, at this rate it will take more than three years so sell off this inventory. At the other end of the spectrum, homes priced under $250K are enjoying robust sales and it is a Seller’s Market in these price ranges.

Ascension Parish Real Estate Market - Absorption Rates

As always, I appreciate hearing from readers and I welcome any comments or suggestions for improvement that you may offer.



©2009 by Don Stern - All Rights Reserved

(225)413-3634 phone (866)723-5477 fax

don@thehomevendor.com - email1312

www.TheHomeVendor.com www.DonAndAlishaStern.com

www.LiveAscension.com www.PelicanPointHomes.com

www.WaterfrontPropertyLA.com

August 6, 2009

Affordable Home on Hwy. 74 in Gonzales

Filed under: Homes for Sale, Listings, Uncategorized — admin @ 7:05 am

Don Stern | Coldwell Banker Mackey Co. | (225) 413-3624
38528 LA Hwy 74, Gonzales, LA
Starter Home or Investment Property
3BR/2BA Single Family House
offered at $149,900
Year Built 2004
Sq Footage 1,231
Bedrooms 3
Bathrooms 2 full, 0 partial
Floors 1
Parking Unspecified
Lot Size 11,250 sqft
HOA/Maint $0 per month

DESCRIPTION

Five years young, this Acadian style home is perfect as a starter home or as an investment property. Bedrooms and living room have wood laminate floors and the wet areas have ceramic tile flooring. Ceramic tile countertops in the kitchen. Lots of cabinet space and stainless appliances in this eat-in kitchen.
see additional photos below
PROPERTY FEATURES

- Central A/C - Central heat - Walk-in closet
- Hardwood floor - Tile floor - Living room
- Dishwasher - Stainless steel appliances - Laundry area - inside
- Yard

ADDITIONAL PHOTOS


Front

Master Bedroom

Back

Living room

Kitchen

Kitchen
Contact info:
Don Stern
Coldwell Banker Mackey Co.
(225) 413-3624
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Aug 6, 2009, 4:48am PDT

August 12, 2008

Lakes at St. Amant Home for Sale

Filed under: Homes for Sale, Uncategorized — admin @ 4:43 pm

Don Stern | Coldwell Banker Mackey Co. | don@thehomevendor.com | (225) 413-3624
43225 Sycamore Bend Ave, Gonzales, LA
Above market amenities… Below market Price!
4BR/3BA Single Family House
offered at $259,900
Year Built Unspecified
Sq Footage 2,511
Bedrooms 4
Bathrooms 3 full, 0 partial
Floors 2
Parking 2 Car garage
Lot Size 11,600 sqft
HOA/Maint $16 per month

DESCRIPTION

This property has been updated and is one of the finest in the neighborhood. It has an open floorplan which is perfect for entertaining. Quiet location and a huge back yard.
see additional photos below
PROPERTY FEATURES

Central A/C Central heat Fireplace
High/Vaulted ceiling Walk-in closet Hardwood floor
Tile floor Living room Bonus/Rec room
Dining room Dishwasher Stove/Oven
Stainless steel appliances Attic Laundry area - inside
Balcony, Deck, or Patio Yard Jacuzzi/Whirlpool


OTHER SPECIAL FEATURES

Large Kitchen
Deep Crushed Granite Kitchen Sink
Framed Bathroom Mirrors
Granite Fireplace Surround
Storage Shed/Workshop w/ electricity
ADDITIONAL PHOTOS

Seller contact info:
Don Stern
Coldwell Banker Mackey Co.
(225) 413-3624
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Aug 12, 2008, 1:18pm PDT

March 8, 2008

New Construction Dutchtown Schools

Filed under: Homes for Sale, Listings, Uncategorized — admin @ 12:51 pm

Don Stern | Coldwell Banker Mackey Co. | (225) 413-3624

36166 Heron’s Way Ave, Geismar, LA

New Construction Near Dutchtown Schools

4 Bdrm Single Family House

offered at $309,800

Year Built 2008
Sq Footage 2,215
Bedrooms 4
Bathrooms 3 full, 0 partial
Floors 1
Parking 2 Car garage
Lot Size 12,100 sqft
HOA/Maint $40 per month

DESCRIPTION


Wayne Dodge built this home and added amenities to set himself apart from the competetion. A partial list of amenties includes:

  • 12′ & 10′ Ceilings
  • Granite Counter Tops
  • Custom Cypress Cabinets
  • Stainless Steel Appliances
  • Convection Oven
  • Walk in Pantry
  • 6′ Circulating Master Tub
  • Large Walk in Master Closet
  • Wood , Tile & Plush Carpet Flooring
  • Natural Gas Lanterns
  • Completed Home Security System
  • Prewired for surround sound
  • Leaded Glass Master Bath Window
  • Imported Leaded Glass Front Door
  • Genuine Slate Floor at Stoop & Foyer
  • Cast Limestone Fireplace Mantle by Old World Mantles
  • Rounded drywall corners
  • Gas Firelogs w/ Remote Operating Switch
  • Under Counter Sink & Veggie Sink
  • Under Cabinet Lighting
  • Appliance Garage & Wine Rack
  • Slate Finished Patterned Concrete Rear Patio,
    Stoop Landing & Driveway Apron

Projected completion date is April 2008. Call now for your private tour.

see additional photos below

PROPERTY FEATURES


Central A/C Central heat Fireplace

COMMUNITY FEATURES


Lake

ADDITIONAL PHOTOS


Seller contact info:

Don Stern

Coldwell Banker Mackey Co.

(225) 413-3624

For sale by agent/broker

powered by postlets Equal Opportunity Housing

Posted: Mar 8, 2008, 8:49am PST

January 19, 2008

Open House at Pelican Point

Filed under: Homes for Sale, Uncategorized — Tags: , , — admin @ 6:26 pm

Pelican Point Home For Sale - Open House

I will be hosting an open house on Sunday, January 20, 2008 from 2-4pm at the town home located at 40020 Champion Tif in the Pelican Point Golf Community.

  • Price $204,900
  • Open floorplan
  • 4 bedrooms / 2 bathrooms
  • Refrigerator, washer and dryer included
  • 1535 sq.ft. of living area
  • Private Courtyard
  • … and much more
  • Furnishing available separately

Enjoy all that the Pelican Point Golf Community has to offer in this low maintenance townhome. Two championship 18-hole golf courses, fishing, tennis, swimming, clubs and so much more. Come take a tour!

For more information please call Don Stern at (225) 413-3624 or send e-mail1312 to don@TheHomeVendor.com.

As always, I welcome readers to visit my websites at www.TheHomeVendor.com or www.LiveAscension.com for real estate information about and to search for homes within the Greater Baton Rouge area. Click here to search for homes.

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